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Monograph examining the impact of the USA monetary policy on the international monetary system - traces trends in the decline of the gold standard, discusses various monetary agreements, and explains the u.s. Balance of payments deficit. Bibliography pp. 259 to 274, references and statistical tables.
What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that the majority of people would prioritize? Democratizing Finance includes six responses that seek to amend, elaborate, and challenge the arguments developed by Hockett and Block. Some of the core arguments put forward by other contributors include calls for the rapid elimination of private financial entities, the dilemmas of the politics associated with financial reforms, and the fate of parallel proposals advanced in the US in the 1930s.
What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because...
While it is often acknowledged that we live in a "postindustrial" age, our economic concepts have lagged far behind our postmodern sensibility. In this incisive new work, the well-known sociologist, Fred Block, sheds obsolete and shopworn economic analysis by presenting a bold, sweeping reconceptualization of the economy. Postindustrial Possibilities provides a fresh understanding of the dynamics of postindustrial change while offering a roadmap for future economic thinking. Block takes as his point of departure the tired concepts of neo-classical economics which, while still dominant, fall short as tools for comprehending contemporary economic forces. In Block's mind, the failure to revise ...
The worst economic crisis since the Great Depression has generated a fundamental re-evaluation of the free-market policies that have dominated American politics for three decades. State of Innovation brings together critical essays looking at the 'innovation industry' in the context of the current crisis. The book shows how government programs and policies have underpinned technological innovation in the US economy over the last four decades, despite the strength of 'free market' political rhetoric. The contributors provide new insights into where innovations come from and how governments can support a dynamic innovation economy as the US recovers from a profound economic crisis. State of Innovation outlines a 21st century policy paradigm that will foster cutting-edge innovation which remains accountable to the public.
Socialist Review Book Award, Socialist Review, 1987 This volume makes available in one place a complete statement of Fred Block's perspective for students and participants in the ongoing debate on state theory. His substantial Introduction serves as an intellectual autobiography in which he assesses the field-including the theories of Domhoff, Poulantzas, and Skocpoland situates his own work within it. Block also discusses his relationship to different strands of Marxism. In his analysis of the relationship between business and the state, Block argues that while business interests have far more influence over state policy than other constituencies, state actors still have substantial autonom...
Fast paced legal thriller and powerful urban drama from Frederic Block, the Brooklyn based federal judge who sentenced Peter Gotti of the Gambino crime family. Based partly on fact and seething racial tensions and political corruption, it doesn't get any more "New York" than Race to Judgment! Race to Judgment is a "reality-fiction" debut novel loosely based on a number of high-profile cases handled by its author, a federal trial court judge, over his 23 years on the federal bench in Brooklyn-such as the Crown Heights riots and the Peter Gotti trial. It tracks the rise of the fictional African-American civil rights protagonist Ken Williams (in real life, the recently deceased Brooklyn DA Ken ...
Critical Theories of the State is a clear and accessible survey of radical perspectives on the modern state. By focusing on Marxist theory and its variations, particularly as applied to advanced industrial societies and contemporary welfare states, Clyde W. Barrow provides a more extensive and thorough treatment than is available in any other work. Barrow divides the methodological assumptions and key hypotheses of Marxist, Neo-Marxist, and Post-Marxist theories into five distinct approaches: instrumentalist, structuralist, derivationist, systems-analytic, and organizational realist. He categorizes the many theorists discussed in the book, including such thinkers as Elmer Altvater, G. Willia...
The book was written for the general public in an effort to explain, in practical terms, the perspective behind some of the most newsworthy and sensatinal cases of the last 20 years. The Judge discusses the death penalty, racketeering, gun laws,drug laws, discrimination laws, race riots, terrorism, and foreign affairs, as well as the more humble aspects of being a man on the bench.